Estateguru launches in the UK
Property loans investment platform Estateguru has launched in the UK, hoping to attract both retail and institutional investors.
The Estonian fintech company, which was founded in 2013, says it has arranged €500m in loans to 3,000 development projects across Europe with 80 per cent of this coming in the past three years.
It has increasingly looked to more rapidly scale its operations through geographical expansion to larger markets such as the UK and Germany. It now operates in eight other markets across Europe including Finland, Spain, Portugal, Estonia and Germany.
EstateGuru completed a €5.8m Series A in September 2021, including a €1.3m tranche from a Seedrs’ crowdfunding round which included UK investors.
As part of its UK launch, Estateguru has opened an office in Manchester and plans to start facilitating loans once fully FCA approved for SMEs and onboard both retail and institutional investors
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Source: Estateguru launches in the UK – AltFi